大宗商品

Don’t blame the speculators for rising soya and grain prices
农产品涨价并非投机所致


摩根史坦利大宗商品研究部主管阿里迪纳:农产品价格在过去几个月里显著回升,冲击着社会的方方面面。有些人指责投机者,然而,现实情况却是产量跟不上需求。

Corn, soyabean and wheat prices, have rallied markedly over the last several months. The impact is being felt by consumers facing higher prices at the supermarket, companies whose margins have been squeezed and policymakers in emerging economies who are having to deal with sharply higher food inflation. As is often the case, some are blaming the participation of speculators for these moves higher.

玉米、大豆和小麦的价格在过去几个月里显著回升,冲击着社会的方方面面:消费者看到超市商品涨价了;企业的利润空间被压缩了;而新兴manbetx20客户端下载 体的政策制定者不得不着手应对粮食价格大幅上涨的问题。像往常一样,有人把上述农产品价格的上涨归咎于投机者的参与。

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